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BASF Discovers Body of Third Person Likely Killed in Blast
(Wednesday, October 19, 2016) "Unfortunately we have to assume that our concerns have sadly been confirmed and and that we will have to mourn a third victim," BASF said in a statement.
Sabic, Saudi Aramco Form Team to Rush Oil-to-Chemicals Project
(Wednesday, October 19, 2016) Processing petroleum directly into chemicals will allow Saudi Arabia to cut out a costly intermediate link in the production of plastics.
BASF to Gradually Resume Chemical Production after Accident
(Wednesday, October 19, 2016) German chemical giant BASF said on Wednesday it would gradually restart production again of key petrochemical sites at its Ludwigshafen headquarters after a deadly fire and explosion on Monday had forced it to close them.
BASF Faces Prolonged Shut-Down After Chemical Site Explosion
(Tuesday, October 18, 2016) The German manufacturer said two steam crackers at the installation remain halted and another 20 facilities are either stopped or only partially working, according to a statement Tuesday.
S.Korea's LG Chem Sees Acrylate Prices Rising after BASF Site Blast
(Tuesday, October 18, 2016) LG Chem Ltd, South Korea's largest chemical company, said on Tuesday that an explosion at German chemical maker BASF production site could push up global acrylate prices due to short supply.
Canadian Carbon Price Worries Farmers, Fertilizer Makers
(Tuesday, October 18, 2016) Nitrogen fertilizer producers are leery of a carbon price. Agrium and CF Industries will pay Alberta's provincial carbon tax of C$20 per tonne when it takes effect next year.
CB&I-Clariant Polypropylene Catalyst Plant Opens in Kentucky
(Tuesday, October 18, 2016) "The new plant will manufacture high-performing, innovative catalysts to help the global industry efficiently produce a complete portfolio of polypropylene resins," said Philip K. Asherman, CB&I's President and Chief Executive Officer.
LG Chem to Invest Around $260 Mln at Daesan for Ethylene by 2019
(Monday, October 17, 2016) LG Chem Ltd, South Korea's largest chemical company, said on Monday it will spend 287 billion won ($257.46 million) to add ethylene production to its Daesan naphtha plant by 2019, aiming to focus on lucrative items.
At Least Two Dead in Explosion at German BASF Chemical Plant
(Monday, October 17, 2016) At least two people died and six were severely injured on Monday in an explosion and fire at chemicals maker BASF's biggest production site in Germany, the company said.
Shell Launches Open Season for Northeast Ethane Pipeline
(Monday, October 17, 2016) Shell Pipeline Co. anticipates the proposed Falcon Ethane Pipeline System will connect three major ethane source points within Pennsylvania and Ohio to a petrochemical plant in Monaca, Pennsylvania.
Weak Utilities Demand Restrains U.S. Industrial Production
(Monday, October 17, 2016) Manufacturing output was boosted by the production of goods such as textiles and plastics.
Covestro Warns Force Majeure Persists for Foam Chemicals
(Friday, October 14, 2016) Covestro warned that production of chemicals for polyurethane foams would continue to run at reduced levels because outages at a supplier cannot be overcome before Dec. 11.
EU Parliament Committee Backs Carbon Market Reform Compromise
(Thursday, October 13, 2016) The European Parliament's industry committee voted on Thursday to back a compromise for reforming the European Union's carbon market, favouring a Commission proposal on the speed for removing permits from the market.
BASF Partner Avantium in IPO to Fund Plastics from Plants -Sources
(Wednesday, October 12, 2016) Dutch chemical technology firm Avantium plans to announce an initial public offering (IPO) this week to fund commercial production of plant-based plastics for Coca Cola bottles and Danone yoghurt cups, two people familiar with the plan told Reuters.
Royal Dutch Shell Signs MOU with Iran's National Petrochemical
(Monday, October 10, 2016) Royal Dutch Shell signed a preliminary memorandum of understanding (MOU) with Iran's National Petrochemical Company on Sunday for cooperation in the petrochemical industry, the Iranian oil ministry's news agency SHANA reported.
Saudi's SAFCO, SABIC, Hire Investment Banks to Advise on Ibn Al-Baytar Sale
(Monday, October 10, 2016) Two Saudi petrochemical giants have hired investment banks to advise on the potential sale of a stake in the Ibn Al-Baytar fertiliser company.
BASF to Produce Plant-based Chemicals for Plastics in New Venture
(Friday, October 07, 2016) Chemicals group BASF will set up a joint venture with Avantium, a specialist in biobased industrial materials, in the Netherlands to produce plant-based chemicals used to make plastics, it said on Friday.
UK Government Gives Go-Ahead for Fracking in NW England
(Thursday, October 06, 2016) The UK Department of Communities and Local Government rules that Cuadrilla Resources can proceed with shale gas exploration, including hydraulic fracturing, at its Preston New Road site in Lancashire.
EU Industry Committee Reaches Compromise on Carbon Market Reform
(Thursday, October 06, 2016) Members of the European Parliament's industry committee have reached a compromise on reforming the bloc's carbon market, favoring a Commission proposal for the rate at which permits should be removed, an EU carbon policymaker said.
Shell Says Singapore Ethylene Cracker to Restart in the Next Few Weeks
(Wednesday, October 05, 2016) Royal Dutch Shell is expecting to restart its ethylene cracker at Pulau Bukom, Singapore, in the next few weeks following an unplanned shutdown last week, a spokeswoman said on Wednesday.